Managers of Wealth Asia Pacific

Gam moves to limit bond fallout in Asia

Asia head Rossen Djounov explains Asia-Pac damage control, lessons learned and the firm’s regional plans.

Tech giants face fines of up to $1m for failing to remove fake news under new Singapore law

It will also force tech platforms to disable fake accounts operated by bots and block advertisements on fake news sites, thereby cutting off their revenue streams.

Malaysian ex-PM pleads not guilty in graft trial

It is just a fraction of the hundreds of millions of dollars that he allegedly stole.

Philippines news site chief pleads not guilty to tax evasion charges

The Department of Justice in October indicted Ressa, and online news platform Rappler (www.rappler.com), for attempting to evade taxes by not reporting gains of almost $3 million in the company’s 2015 tax returns.

Outlook for 2019: cross-border M&A and post-merger integration

Unfeasible expectations can dampen or even derail the transaction.

AMP slapped with extra conditions by Australian regulator

Licensees were given a two-year transition to obtain a licence variation for authorisation

RBI moves to push growth

Repo rate cut will boost property sector, investment

S. Korean May Allow Fintechs to Enter Brokerage Business

The return on equity at South Korean brokerage firms in the last five years average

SFC Finalises Guidelines on Securities Margin Lending

The SFC’s had proposed for brokers to put in place prudent controls to prevent excessive leverage and over concentration both in terms of securities collateral and individual margin clients.

That curious Chinese regulation about IPO sponsors also owning stakes? It’s ‘temporary,’ says nation’s biggest investment bank

The bank, which counts two of China’s largest tech companies Tencent and Alibaba as among its major shareholders, said it can strike a balance between their interests

HID Global Announces Cloud-First Approach to Consumer Authentication Security for Banking Customers

The HID Risk Management Solution, a real-time risk profiling technology that protects financial transaction systems and banking applications against cybercriminals, is offered as part of the same suite of cloud services.

Wealth boss questions ASIC’s litigation agenda

A number of industry leaders including a wealth management CEO have debated whether ASIC’s new enforcement approach following the royal commission will actually bring about effective outcomes.

Major advice licensee in possible best interest breach

The group was under surveillance by ASIC after the number of advisers calling the licensee home rose significantly in a short period of time.

Ex-Malaysian Leader’s First 1MDB Trial Begins

Beginning Wednesday, prosecutors will seek to convict the former head of state on seven of a total 42 charges brought against him

SWIFT Sees Growing ISO 20022 Adoption in Asia Pacific

Nine years since ISO 20022 was first intruded for securities, 27 securities market infrastructures are live on the standard around the world.

Supreme Court Strikes Down RBI’s Feb. 12 Circular

Banks are given 180 days from the first day of default to finalise and implement a resolution plan.

EU, Singapore Adopt Decision to Mutual Recognise Derivatives Venues

“The decisions adopted today will strengthen cross-border trading, enabling businesses in the EU and Singapore to access deeper pools of liquidity and hedge risks more efficiently,” said MAS Chairman Tharman Shanmugaratnam.

ESMA Urges Readiness for End-May EMIR Refit Adoption

The Refit will also streamline existing rules to improves the quality of data reported

Vistra Achieves SOC 1 and SOC 2 Accreditations for Strong Internal Controls

The accreditations are objective proof of our strong control environment.

NAB lender fairly sacked over fake loan 'referrals'

Those "referrals", which the bank had decided were faked, had reaped payments for AU Gold Realty of $24,000.

Legal, Regulation & Compliance